Argentina’s Consumer Price Index likely advanced 4% in November, according to a Reuters poll of economists on Tuesday, which would mark an acceleration from the month before amid swirling economic crises in the country.
A top White House adviser cast doubt on President Trump’s statements last week that he intended to immediately place steel and aluminum tariffs on Argentina and Brazil. The White House is considering the action, Lawrence Kudlow, the director of the White House National Economic Council, said at The Wall Street Journal CEO Council meeting on Tuesday, but the U.S. might not move forward with the tariffs.
Argentina’s Peronist leader, Alberto Fernandez, was sworn in as president on Tuesday, marking a shift to the left for Latin America’s No. 3 economy as the country fights rampant inflation, credit default fears and rising poverty.